SUNNYVALE, CA-In preparation of a planned relocation and expansion from Milpitas, CA, the handheld computer maker signs a sublease agreement with Philips Electronics North America for a class A office building here that is owned by San Francisco-based Jay Paul Co.
SUNNYVALE, CA-In preparation of a planned relocation and expansion from Milpitas, CA, the handheld computer maker signs a sublease agreement with Philips Electronics North America for a class A office building here that is owned by San Francisco-based Jay Paul Co.
STOCKHOLM, SWEDEN-The leading garden superstore chain in the Nordic region sells two retail locations to New York-based investment firm WP Carey & Co. LLC for about $31 million and then leases them back on a long-term basis.
EMERYVILLE, CA-The State Teachers Retirement System of Ohio acquires the 331-unit Courtyards development here along with the Overlook, a 78-unit property in Santa Rosa, from a joint venture of Opus West and Thompson/Dorfman Partners LLC.
PORTLAND-Knowledge Learning Corp. of Golden, CO, which last week acquired locally based Kindercare for more than $1 billion in cash and debt, is moving its headquarters to the city where Kindercare already leases 76,000 sf of office space and employs 300 people.
GREENVILLE, SC-The 73,000-sf Crosspointe Plaza adjacent to the Haywood Mall here trades hands. The development is anchored by Circuit City and 96% leased.
CHATTANOOGA, TN-Locally based public company CBL & Associates Properties Inc. has completed the third and final phase of $563-million, 51-property disposition to Galileo America Inc., the US affiliate of Australia-based Galileo America Shopping Trust.
PITTSBURGH, PA-The global financial services company will remain in One Mellon Center here through November 2028. The complex is owned by Philip Morris Capital Corp.
PORTLAND-Three of the four proposals place the 800-room hotel on the preferred site east of the Oregon Convention Center, while the other has it on the north side. Despite recommendation from the city, only two propose a private financing option, one proposes developing all 800 rooms at once and none incorporates an underground connection.
REDMOND, WA-Already one of the world's largest corporate campuses with eight million sf of built space, Microsoft's headquarters here would grow by 25% over the next 10 to 20 years under a proposed development agreement submitted to the City of Redmond this week.